Welcome to 524 S. Rural Street in Indianapolis! This 2-bedroom, 1-bathroom home offers 720 square feet of living space and a proven rental track record. Operated as a furnished rental over the past two years, it generated a gross net total of $60,636.27, producing between $2000-2500 / month. Its efficient layout and convenient location also make it an ideal choice for first-time homebuyers as well. Enjoy back deck & a fenced in yard for a convenient outdoor space. Whether you're looking to take on a short term rental or purchase your first home, this versatile property offers comfort, flexibility, and strong potential in a value filled package. *Furnishings available with strong offer*
Single-familyProperty Type
1950Year Built
5,401 sq ftLot Size
$223Est. Price/Sq.Ft.
2 car garageParking
Listed by Tyler Lingle• @properties
Listed by Kyle Hoffman• @properties
Bought with Kierstyn Chase• Homeward Bound Realty LLC
Fabulously renovated bungalow you must see! Spacious kitchen with new cabinets, granite counter tops with breakfast bar all new stainless steel appliances. Great room is open to kitchen great for entertaining and staying connected with your family and/or guests. Completely updated bathroom. Updates also include; New furnace, new water heater, new roof, new siding, newer windows, updates to electrical and plumbing, New Garage doors with openers. Great low maintenace property conviently located near the new Justice Center and all the amenties founf in Fountain Square!
Year
Property tax
Land + Additions
Assessment*
2025
$3,923 (+12.3%)
$6,300 + $156,700
$163,000
2024
$3,492 (+9.5%)
$6,300 + $137,100
$143,400
2023
$3,190 (+157.9%)
$6,300 + $137,100
$143,400
2022
$1,237 (+21.0%)
$6,300 + $124,500
$130,800
2021
$1,022 (+12.4%)
$6,300 + $33,900
$40,200
2020
$910 (+18.3%)
$6,300 + $33,900
$40,200
2019
$769 (+3.2%)
$6,300 + $29,000
$35,300
2018
$745 (+13.4%)
$2,400 + $26,400
$28,800
2017
$657 (+3.5%)
$2,400 + $24,600
$27,000
2016
$635 (+2.6%)
$2,400 + $24,600
$27,000
2015
$619 (−3.9%)
$2,400 + $24,300
$26,700
2014
$644 (+7.9%)
$2,400 + $25,300
$27,700
2013
$597
$2,400 + $27,000
$29,400
Tax history for 524 S Rural St
Year
Property tax
Land + Additions
Assessment*
2025
$3,923 (+12.3%)
$6,300 + $156,700
$163,000
2024
$3,492 (+9.5%)
$6,300 + $137,100
$143,400
2023
$3,190 (+157.9%)
$6,300 + $137,100
$143,400
2022
$1,237 (+21.0%)
$6,300 + $124,500
$130,800
2021
$1,022 (+12.4%)
$6,300 + $33,900
$40,200
2020
$910 (+18.3%)
$6,300 + $33,900
$40,200
2019
$769 (+3.2%)
$6,300 + $29,000
$35,300
2018
$745 (+13.4%)
$2,400 + $26,400
$28,800
2017
$657 (+3.5%)
$2,400 + $24,600
$27,000
2016
$635 (+2.6%)
$2,400 + $24,600
$27,000
2015
$619 (−3.9%)
$2,400 + $24,300
$26,700
2014
$644 (+7.9%)
$2,400 + $25,300
$27,700
2013
$597
$2,400 + $27,000
$29,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
40 ft.
Lot depth
135 ft.
Lot size
5,401 Sq. Ft.
Year renovated
2015
Sq. Ft.
720
Year built
1950
Style
Single Family Residential
County
Marion County
APN
491008132127000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Feb 28, 2023 • Final
Structural - one or two family
Perform interior and exterior renovations including the removal and replacement of drywall, flooring, trim, cabinetry, doors, and electrical and plumbing fixtures. Replace roofing, gutters, siding, windows, and exterior doors. No structural changes are included.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Garage SqFt: 484
Parking Features: Detached
Garage Spaces: 2
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 720
Living Area: 720
Main Level Sq. Ft.: 720
Upper Level Sq. Ft.: 0
Bedroom Information
# of Bedrooms Main: 2
Beds MU: 2
Bedrooms MU: 2
Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1
Full Baths MU: 1
Full Bathrooms MU: 1
Room 1 Information
Room Dimensions: 9x13
Room Level: Main
Room 2 Information
Room Type: Bedroom 2
Room Dimensions: 9x11
Room Level: Main
Room 3 Information
Room Type: Kitchen
Room Dimensions: 9x12
Room Level: Main
Room 4 Information
Room Type: Great Room
Room Dimensions: 11x15
Room Level: Main
Room 5 Information
Room Type: Utility Room
Room Dimensions: 5x6
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 4
Rooms Basement: 0
# of Rooms: 4
Laundry Room Information
Laundry Features: In Unit, Laundry Room
Heating & Cooling
Heating Information: Forced Air, Natural Gas
Cooling Information: Central Air
Interior Features
Interior Features: Breakfast Bar
Appliances: Gas Water Heater, Disposal, MicroHood, Refrigerator, Gas Oven, Microwave, Washer, Dryer
Exterior
Exterior Features
Patio And Porch Features: Deck
Fence YN: Yes
Fencing: Fence Complete
Farm Information
Horse Amenities: None
Property Information
Other Equipment: Smoke Alarm
Property Type: Residential
Property Condition: Updated/Remodeled
Attached Property
Property Sub Type: Single Family Residence
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.12
Lot Features: Busline, Curbs, Sidewalks, Street Lights
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Solid Waste Information: No
Fuel Information: No Fuel Source
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Canby Home Place Add L154
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 720
Stories: 1.0
Lot Size: 5,401 square feet
Style: Single Family Residential
Year Built: 1950
Year Renovated: 2015
County: Marion County
APN: 491008132127000101
Home facts updated by county records on Jul 29, 2026
Other
Home Information
Foundation Details: Crawl Space
Construction Materials: Vinyl Siding
Levels: One
Security Features: Smoke Detector(s)
Around this home
Schools
William McKinley School 39
Public PreK-5 • Assigned • 0.7mi
6/10
Arsenal Technical High School
Public 9-12 • Assigned • 1.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46203
Average low and high temperatures (°F)
32
19
42
27
61
40
68
49
72
55
83
67
87
73
82
66
81
62
70
51
54
40
42
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$153,000 – $185,000
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